võlakestuse

Võlakestuse, also known as debt restructuring, is a financial process where a debtor and creditor(s) agree to modify the terms of an existing debt. This can involve changing the amount owed, the repayment schedule, or the interest rate. The primary goal of võlakestuse is to make the debt more manageable for the debtor, often to prevent default or to improve the debtor's financial health.

There are several types of võlakestuse, including:

1. Debt consolidation, where multiple debts are combined into a single loan with a lower interest rate.

2. Debt forgiveness, where a portion of the debt is written off.

3. Debt rescheduling, where the repayment terms are extended or adjusted.

4. Debt conversion, where the debt is converted into a different form, such as equity.

Võlakestuse can be voluntary or involuntary. Voluntary võlakestuse occurs when the debtor and creditor(s) agree to the terms. Involuntary võlakestuse, on the other hand, is imposed by a court or other authority, often as part of a bankruptcy proceeding.

The process of võlakestuse typically involves negotiations between the debtor and creditor(s). If an agreement is reached, it is documented in a formal agreement or court order. It's important to note that võlakestuse does not eliminate the debt; it simply changes its terms.

Võlakestuse can have significant implications for both debtors and creditors. For debtors, it can provide a temporary relief from overwhelming debt. For creditors, it can result in a partial loss of the debt, but it can also help maintain a positive relationship with the debtor.